Marriott
Trinity Investments JV Buys Grande Lakes Orlando Resort
In a partnership with Elliott Management, the company paid a reported $900 million to purchase the 400-plus-acre property, which includes two hotels and a Greg Norman–designed golf course.
Excel Group Buys DE Marriott Hotel
The hotel opened at the beginning of this year and is located near downtown Wilmington offering convenient access to Philadelphia International Airport.
Driftwood Hospitality Management Expands Hotel Portfolio
The company has purchased Hilton Houston North and Marriott Houston North, encompassing 870 keys combined. The new owner plans extensive renovations for both assets.
MCR, BLT Close $648M Hotel Portfolio Financing
A Bank of America-led consortium provided the funding, which is secured by a 53-property, 5,958-key collection of lodging properties operating under the Marriott and Hilton brands.
Atlanta Marriott Gets $57M Refi
Integrated Capital has nearly finished $14 million of renovations at the 344-key hotel. The new loan retires a $52.8 million prior mortgage held by Emigrant Bank.
Peachtree Hotel Group Trades Jacksonville Sheraton
The buyer, a joint venture between Rockbridge and Hospitality Ventures Management Group, plans to invest more than $1 million in renovations.
Dual-Branded Marriott Opens in St. Louis
Construction on the project, which contains a 110-key Courtyard and a 101-key all-suite Residence Inn, began in the summer of 2017.
Mission Capital Secures $19M Loan for Two NC Hotels
The portfolio comprises a 91-key Home2 Suites by Hilton and a 95-key SpringHill Suites by Marriott in Winston-Salem. A Milestone entity will manage the assets.
SunTrust Arranges $50M for Purchase of Dual-Branded Marriott Hotel
Key International is the new owner of a 255-key property in Clearwater Beach, Fla., which incorporates both a Residence Inn and a SpringHill Suites.
Downtown Denver Sheraton Trades
The hotel includes the 22-story IM Pei Tower and the eight-story Plaza Building. HFF represented the seller in the transaction.